Teamwork Financial Advisors LLC Cuts Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Teamwork Financial Advisors LLC cut its holdings in Netflix, Inc. (NASDAQ:NFLX) by 3.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,115 shares of the Internet television network’s stock after selling 617 shares during the quarter. Netflix accounts for approximately 2.1% of Teamwork Financial Advisors LLC’s holdings, making the stock its 18th largest position. Teamwork Financial Advisors LLC’s holdings in Netflix were worth $16,146,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NFLX. RPg Family Wealth Advisory LLC bought a new position in shares of Netflix during the third quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after acquiring an additional 42 shares during the period. Decker Retirement Planning Inc. purchased a new stake in shares of Netflix during the 4th quarter valued at about $43,000. MidAtlantic Capital Management Inc. bought a new stake in shares of Netflix in the third quarter worth approximately $37,000. Finally, FSA Wealth Management LLC purchased a new position in shares of Netflix during the third quarter valued at approximately $38,000. 80.93% of the stock is owned by institutional investors.

Insider Transactions at Netflix

In related news, Chairman Reed Hastings sold 48,363 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total value of $43,362,265.80. Following the completion of the sale, the chairman now directly owns 114 shares in the company, valued at $102,212.40. This trade represents a 99.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard N. Barton sold 6,364 shares of the business’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the transaction, the director now owns 246 shares in the company, valued at $216,327.48. This trade represents a 96.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 152,198 shares of company stock worth $127,616,898 in the last three months. Insiders own 1.76% of the company’s stock.

Netflix Price Performance

Shares of Netflix stock opened at $953.99 on Thursday. The firm has a market cap of $407.79 billion, a PE ratio of 48.11, a PEG ratio of 1.41 and a beta of 1.27. The stock has a 50 day moving average of $889.11 and a 200 day moving average of $763.41. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 12 month low of $481.40 and a 12 month high of $999.00.

Netflix (NASDAQ:NFLX) last posted its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 39.48% and a net margin of 22.34%. The firm had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10,141,900 billion. During the same period in the prior year, the company earned $2.11 EPS. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. On average, research analysts expect that Netflix, Inc. will post 23.43 EPS for the current fiscal year.

Analyst Ratings Changes

NFLX has been the topic of several research reports. JPMorgan Chase & Co. raised their target price on shares of Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Wednesday. TD Cowen raised their price target on Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Pivotal Research upped their price objective on Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research report on Wednesday. Robert W. Baird raised their target price on Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Canaccord Genuity Group upgraded Netflix from a “hold” rating to a “buy” rating and boosted their price target for the company from $940.00 to $1,150.00 in a research note on Wednesday. Nine research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and a consensus target price of $993.82.

Netflix Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.